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Stockholders' Equity (Tables)
9 Months Ended
Oct. 01, 2023
Equity [Abstract]  
Schedule of Common Stock Share Repurchase Programs Authorized by Board of Directors from Time to Time and Related Repurchase Activity and Available Authorized The following table outlines the common stock share repurchase program authorized by the Company’s board of directors and the related repurchase activity and available authorization as of October 1, 2023.

 

Effective date

 

Expiration date

 

Amount
authorized

 

 

Cost of
repurchases

 

 

Authorization
available

 

March 2, 2022

 

December 31, 2024

 

$

600,000

 

 

$

368,538

 

 

$

231,462

 

Schedule of Share Repurchase Activity Under Share Repurchase Programs

Share repurchase activity under the Company’s repurchase programs for the periods indicated was as follows (total cost in thousands):

 

 

Thirteen weeks ended

 

 

Thirty-nine weeks ended

 

 

 

October 1, 2023

 

 

October 2, 2022

 

 

October 1, 2023

 

 

October 2, 2022

 

Number of common shares acquired

 

 

831,416

 

 

 

1,558,196

 

 

 

5,307,759

 

 

 

5,437,054

 

Average price per common share acquired

 

$

38.89

 

 

$

28.25

 

 

$

34.28

 

 

$

28.53

 

Total cost of common shares acquired

 

$

32,333

 

 

$

44,023

 

 

$

181,974

 

 

$

155,094